STATE OF NEW YORK
________________________________________________________________________
S. 2602--A A. 3002--A
SENATE - ASSEMBLY
January 22, 2013
___________
IN SENATE -- A BUDGET BILL, submitted by the Governor pursuant to arti-
cle seven of the Constitution -- read twice and ordered printed, and
when printed to be committed to the Committee on Finance -- committee
discharged, bill amended, ordered reprinted as amended and recommitted
to said committee
IN ASSEMBLY -- A BUDGET BILL, submitted by the Governor pursuant to
article seven of the Constitution -- read once and referred to the
Committee on Ways and Means -- committee discharged, bill amended,
ordered reprinted as amended and recommitted to said committee
AN ACT making appropriations for the legal requirements of the state
debt service and lease purchase payments and other special contractual
obligations
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The several sums specified in this section, or so much
2 thereof as may be sufficient to accomplish in full the purposes desig-
3 nated by the appropriations, are hereby appropriated to be paid as here-
4 in provided for the funds and purposes specified and are made available
5 for the fiscal year beginning April 1, 2013.
6 DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND
7 Maintenance undistributed
8 For the legal requirements of principal, interest, and
9 related expenses on general obligation bonds, special
10 contractual and revenue bond obligations, as issued
11 pursuant to articles 5-C and 5-F of the state finance
12 law and payments for interest rate exchange and similar
13 agreements, in accordance with the following schedule .. 4,990,260,000
14 ==============
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD12552-03-3
S. 2602--A 2 A. 3002--A
1 SCHEDULE
2 GENERAL OBLIGATION PAYMENTS
3 The sum of $492,500,000, or so much thereof as may be
4 necessary, is hereby appropriated for payment by the
5 state comptroller for general obligation bonds issued in
6 connection with higher education construction, pure
7 waters, environmental quality, transportation capital
8 facilities, rail preservation, outdoor recreation devel-
9 opment, energy conservation through improved transporta-
10 tion, parks and recreation land acquisition, rebuild New
11 York through transportation infrastructure renewal and
12 accelerated capacity and transportation improvements of
13 the nineties, clean water/clean air, and rebuild and
14 renew New York transportation purposes, in accordance
15 with the following sub-schedule .......................... 492,500,000
16 --------------
17 sub-schedule
18 Debt service payments ...................................... 490,000,000
19 Related expenses ............................................. 2,500,000
20 --------------
21 Total of sub-schedule ...................................... 492,500,000
22 ==============
23 SPECIAL CONTRACTUAL OBLIGATION PAYMENTS
24 The several sums, or so much thereof as may be sufficient
25 to accomplish in full the purposes designated by the
26 appropriations, are hereby appropriated and are, subject
27 to the issuance of certificates of approval of avail-
28 ability by the director of the budget, available for the
29 purpose of making payments for special contractual obli-
30 gations, in accordance with the following schedule ..... 1,446,460,000
31 --------------
32 SCHEDULE
33 For payment to the Urban Development Corpo-
34 ration pursuant to the provisions of an
35 agreement or agreements entered between
36 the State and the Urban Development Corpo-
37 ration to pay for bonds, notes, or other
38 obligations issued or entered into for
39 correctional facilities ..................... 35,000,000
40 For payment to the Urban Development Corpo-
41 ration pursuant to the provisions of an
42 agreement or agreements of lease and
43 sublease entered into between, but not
44 limited to, the Urban Development Corpo-
45 ration, the Office of General Services and
46 the Department of Correctional Services
47 for the rental of correctional facilities ... 21,000,000
48 For payment according to the following sub-
49 schedule to the Urban Development Corpo-
50 ration for project revenue bonds, pursuant
S. 2602--A 3 A. 3002--A
1 to the provisions of certain agreements of
2 lease between the entities designated on
3 the following sub-schedule and the state
4 of New York and the assignment of rent
5 thereof to the Urban Development Corpo-
6 ration ...................................... 11,300,000
7 sub-schedule
8 Syracuse University (Science
9 and Technology Center) ......... 2,800,000
10 Cornell University (Supercom-
11 puter Center) .................... 700,000
12 Columbia University (Telecom-
13 munications Center) ............ 4,800,000
14 Clarkson University .............. 1,100,000
15 University Grants 95 Refunding ... 1,900,000
16 --------------
17 Total of sub-schedule ......... 11,300,000
18 --------------
19 For payment to the Dormitory Authority, for
20 payment of bonds issued to finance the
21 Department of Health's David Axelrod
22 Institute for Public Health, pursuant to
23 the provisions of an agreement between the
24 Dormitory Authority and the Department of
25 Health ....................................... 6,000,000
26 For payment to the Dormitory Authority, for
27 payment of bonds issued to finance State
28 Department of Education facilities, pursu-
29 ant to an agreement between the Dormitory
30 Authority and the State Education Depart-
31 ment ......................................... 5,500,000
32 For payment to the Housing Finance Agency
33 and the Urban Development Corporation for
34 payment of bonds issued to finance the
35 State's housing programs .................... 46,000,000
36 For payment to the Metropolitan Transporta-
37 tion Authority, pursuant to state service
38 contracts authorized by section 16 of
39 chapter 314 of the laws of 1981, section
40 42 of chapter 929 of the laws of 1986, as
41 amended by chapter 13 of the laws of 1987,
42 and section 34 of part O of chapter 61 of
43 the laws of 2000 ............................ 80,000,000
44 For payment to the State University
45 Construction Fund, for payment to the
46 Dormitory Authority, pursuant to paragraph
47 (e) of subdivision 19 of section 1680 of
48 the public authorities law, to pay for
49 bonds or notes issued by such authority,
50 pursuant to agreements between the State
51 University Construction Fund, State
52 University of New York and the Dormitory
53 Authority, relating to State University
S. 2602--A 4 A. 3002--A
1 education facilities. Notwithstanding the
2 provisions of section 40 of the state
3 finance law or any other provision of law
4 to the contrary, this appropriation shall
5 remain in full force and effect until
6 April 30, 2014 ............................. 280,000,000
7 For payment to the State University
8 Construction Fund, for payment to the
9 Dormitory Authority, in accordance with
10 subdivision 8 of section 6304 of the
11 education law, for bonds, notes, or other
12 obligations issued by such authority,
13 pursuant to an agreement or agreements
14 among the State University of New York,
15 various community colleges and their spon-
16 sors, and the Dormitory Authority for
17 educational facilities of community
18 colleges .................................... 31,000,000
19 For payment to the City University Construc-
20 tion Fund for City University senior
21 colleges and for community colleges.
22 Moneys hereby appropriated, or portions
23 thereof, are for payments net of all
24 interest and investment earnings on senior
25 and community college payments and other
26 excess earnings held by the City Universi-
27 ty Construction Fund, in accordance with
28 the following sub-schedule ................. 204,000,000
29 sub-schedule
30 City University senior
31 colleges ..................... 180,000,000
32 City University community
33 colleges ...................... 24,000,000
34 --------------
35 Total of sub-schedule ........ 204,000,000
36 --------------
37 For payment to the Dormitory Authority,
38 pursuant to the provisions of a service
39 contract or contracts, for payment of
40 bonds or notes issued for the financing of
41 projects at the Albany County Airport ........ 4,000,000
42 For payment to the Dormitory Authority and
43 the Urban Development Corporation for
44 bonds issued for one or more facilities
45 provided for the department of audit and
46 control, the New York state and local
47 employees' retirement system, and the New
48 York state and local police and fire
49 retirement system and on behalf of the
50 departments or agencies having occupancy
51 or use of other state facilities and park-
52 ing facilities ............................... 1,200,000
S. 2602--A 5 A. 3002--A
1 For payment to the Thruway Authority, pursu-
2 ant to section 380 of the public authori-
3 ties law, to pay for Local Highway and
4 Bridge Service Contract bonds or notes
5 issued by such authority pursuant to an
6 agreement between the Thruway Authority
7 and the state .............................. 196,000,000
8 For payment to the Environmental Facilities
9 Corporation, pursuant to subdivision 1 of
10 section 1290 of the public authorities
11 law, to pay for bonds or notes issued by
12 such authority pursuant to a lease agree-
13 ment between the Environmental Facilities
14 Corporation and the Office of Parks,
15 Recreation and Historic Preservation
16 relating to the financing of Riverbank
17 State Park ................................... 5,200,000
18 For payment to the Environmental Facilities
19 Corporation for bonds and notes issued by
20 such authority, pursuant to an agreement
21 between the Environmental Facilities
22 Corporation and the Office of Mental
23 Health relating to the financing of a
24 Waste water treatment facility for Pilgrim
25 Psychiatric Center ............................. 960,000
26 For payment to the Environmental Facilities
27 Corporation, for payment of bonds issued
28 to finance environmental infrastructure
29 projects, pursuant to an agreement or
30 agreements between the Environmental
31 Facilities Corporation and the State ........ 14,000,000
32 For payment according to the following sub-
33 schedule for bonds issued to finance
34 consolidated service contract refundings ... 487,000,000
35 --------------
36 sub-schedule
37 Urban Development Corporation .. 365,000,000
38 Dormitory Authority ............ 112,000,000
39 Thruway Authority ............... 10,000,000
40 --------------
41 Total of sub-schedule ........ 487,000,000
42 --------------
43 Total of debt service schedule ............. 1,428,160,000
44 --------------
45 For payment of related expenses in accord-
46 ance with the following schedule.
47 SCHEDULE
48 Urban Development Corporation .................. 2,000,000
49 Housing Finance Agency ......................... 2,000,000
50 Dormitory Authority ............................ 7,500,000
S. 2602--A 6 A. 3002--A
1 Dormitory Authority Capital Expenses ........... 6,000,000
2 Environmental Facilities Corporation ............. 300,000
3 Thruway Authority ................................ 500,000
4 --------------
5 Total of related expenses schedule ............ 18,300,000
6 --------------
7 Total of schedules ......................... 1,446,460,000
8 ==============
9 REVENUE BOND FINANCING AGREEMENT PAYMENTS
10 The several sums, or so much thereof as may
11 be necessary, are hereby appropriated for
12 payment to the dormitory authority, the
13 environmental facilities corporation, the
14 housing finance agency, the thruway
15 authority, and the urban development
16 corporation and are, subject to the issu-
17 ance of certificates of approval of avail-
18 ability by the director of the budget,
19 available for the purpose of making
20 financing agreement payments related to
21 personal income tax revenue bond obli-
22 gations, as authorized pursuant to article
23 5-C of the state finance law and in
24 accordance with the following schedule ... 2,998,300,000
25 --------------
26 SCHEDULE
27 Economic Development and Housing ............. 305,000,000
28 Education .................................... 440,000,000
29 Environment ................................... 90,000,000
30 General Purpose ............................ 1,550,000,000
31 Healthcare .................................... 15,000,000
32 State Facilities and Equipment ............... 165,000,000
33 Transportation ............................... 415,000,000
34 --------------
35 Total of schedule .......................... 2,980,000,000
36 --------------
37 For payment of related expenses in accord-
38 ance with the following schedule.
39 SCHEDULE
40 Urban Development Corporation .................. 6,300,000
41 Housing Finance Agency ......................... 2,100,000
42 Dormitory Authority ............................ 8,000,000
43 Dormitory Authority Capital Expenses ............. 800,000
44 Environmental Facilities Corporation ............. 800,000
45 Thruway Authority ................................ 300,000
46 --------------
47 Total of schedule ............................. 18,300,000
48 --------------
S. 2602--A 7 A. 3002--A
1 Total of schedules ......................... 2,998,300,000
2 ==============
3 REVENUE BOND FINANCING AGREEMENT PAYMENTS
4 The several sums, or so much thereof as may
5 be necessary, are hereby appropriated for
6 payment to the dormitory authority, the
7 thruway authority, and the urban develop-
8 ment corporation and are, subject to the
9 issuance of certificates of approval of
10 availability by the director of the bud-
11 get, available for the purpose of making
12 financing agreement payments related to
13 sales tax revenue bond obligationns, as
14 authorized pursuant to article 5-F of the
15 state finance law and in accordance with
16 the following schedule ...................... 53,000,000
17 --------------
18 SCHEDULE
19 Debt Service Payments ......................... 50,000,000
20 --------------
21 Total of schedule ............................. 50,000,000
22 --------------
23 For payment of related expenses in accor-
24 dance with the following schedule.
25 SCHEDULE
26 Urban Development Corporation .................. 1,000,000
27 Dormitory Authority ............................ 1,000,000
28 Thruway Authority .............................. 1,000,000
29 --------------
30 Total of schedule .............................. 3,000,000
31 --------------
32 Total of schedules ............................ 53,000,000
33 ==============
34 Total of schedule ........................................ 4,990,260,000
35 ==============
36 DEBT SERVICE FUND--HOUSING DEBT FUND
37 GENERAL OBLIGATION PAYMENTS
38 The sum of $11,500,000, or so much thereof as may be
39 necessary, is hereby appropriated for payment by the
40 state comptroller of principal and interest on general
41 obligation bonds issued in connection with state housing
42 (low cost, middle income and urban renewal) ............... 11,500,000
43 ==============
S. 2602--A 8 A. 3002--A
1 DEBT SERVICE FUND--HEALTH INCOME FUND
2 For debt service and related expenses in accordance with
3 the following schedule .................................... 33,200,000
4 --------------
5 SCHEDULE
6 The sum of $29,000,000, or so much thereof as may be
7 necessary of operating revenues received from department
8 of health facilities other than the New York City Veter-
9 ans' Home, is hereby appropriated for payment by the
10 state comptroller of all obligations under the terms of
11 agreements between the health department and the dormi-
12 tory authority ............................................ 29,000,000
13 The sum of $2,000,000, or so much thereof as may be neces-
14 sary of operating revenues received from the New York
15 City Veterans' Home, is hereby appropriated for payment
16 by the state comptroller of all obligations under the
17 terms of agreements between the health department and
18 the dormitory authority .................................... 2,000,000
19 Related expenses ............................................. 1,000,000
20 Capital expenses ............................................. 1,200,000
21 --------------
22 Total of schedule ......................................... 33,200,000
23 ==============
24 DEBT SERVICE FUND--STATE UNIVERSITY DORMITORY INCOME FUND
25 The sum of $127,800,000, or so much thereof as may be
26 necessary, is hereby appropriated for payment by the
27 state comptroller of all obligations under the terms of
28 agreements between the state university of New York and
29 the dormitory authority and refunds to students for room
30 rental and college fee overpayments, in accordance with
31 the following schedule ................................... 127,800,000
32 --------------
33 SCHEDULE
34 Debt service payments ...................................... 116,000,000
35 Related expenses ............................................. 1,800,000
36 Capital expenses ............................................ 10,000,000
37 --------------
38 Total of schedule .......................................... 127,800,000
39 ==============
40 DEBT SERVICE FUND--MENTAL HEALTH SERVICES FUND
41 The sum of $328,000,000, or so much thereof as may be
42 necessary, is hereby appropriated for payment by the
43 state comptroller of all obligations of the dormitory
44 authority, as successor to the facilities development
45 corporation and the medical care facilities finance
46 agency pursuant to chapter 83 of the laws of 1995, under
47 the terms of any lease, sublease, or other financing
S. 2602--A 9 A. 3002--A
1 agreement with the department of mental hygiene, in
2 accordance with the following schedule ................... 328,000,000
3 --------------
4 SCHEDULE
5 Debt service payments ...................................... 320,000,000
6 Related expenses ............................................. 8,000,000
7 --------------
8 Total of schedule .......................................... 328,000,000
9 ==============
10 DEBT SERVICE FUND--LOCAL GOVERNMENT ASSISTANCE TAX FUND
11 The sum of $397,500,000, or so much thereof as may be
12 necessary, is hereby appropriated for payment of all
13 obligations, including but not limited to reserve fund
14 credit facilities, to the local government assistance
15 corporation pursuant to a certificate or certificates
16 filed by the chairman of the corporation with the state
17 comptroller and the governor, pursuant to subdivision 1
18 of section 3240 of the public authorities law, in
19 accordance with the following schedule ................... 397,500,000
20 --------------
21 SCHEDULE
22 Debt service payments ...................................... 392,000,000
23 Related expenses ............................................. 5,500,000
24 --------------
25 Total of schedule .......................................... 397,500,000
26 ==============
27 TRUST AND AGENCY FUND--SCHOOL CAPITAL FACILITIES
28 FINANCING RESERVE FUND
29 The sum of $25,600,000, or so much thereof as may be
30 necessary, is hereby appropriated for payment by the
31 state comptroller to the dormitory authority for the
32 purpose of meeting the terms of any contractual agree-
33 ments between the dormitory authority and participating
34 special act school districts listed in chapter 566 of
35 the laws of 1967, as amended, state-supported schools
36 for blind and deaf students and children with other
37 handicapping conditions pursuant to article 85 of the
38 education law, and private not-for-profit schools
39 approved by the commissioner of education pursuant to
40 article 89 of the education law, in accordance with the
41 following schedule ........................................ 25,600,000
42 --------------
43 SCHEDULE
44 Debt service payments ....................................... 25,000,000
45 Related expenses ............................................... 300,000
46 Capital expenses ............................................... 300,000
S. 2602--A 10 A. 3002--A
1 --------------
2 Total of schedule ........................................... 25,600,000
3 ==============
4 DEDICATED HIGHWAY AND BRIDGE TRUST FUND--SPECIAL
5 OBLIGATION RESERVE AND PAYMENT ACCOUNT
6 The sum of $980,300,000 or so much thereof as may be
7 necessary, is hereby appropriated to pay for bonds or
8 notes as required under dedicated highway and bridge
9 trust fund cooperative agreements under section 10-e of
10 the highway law, in accordance with the following sched-
11 ule ...................................................... 980,300,000
12 --------------
13 SCHEDULE
14 Debt service payments ...................................... 980,000,000
15 Related expenses ............................................... 300,000
16 --------------
17 Total of schedule .......................................... 980,300,000
18 ==============
19 DEBT REDUCTION RESERVE FUND
20 The sum of $500,000,000, or so much thereof as may be
21 necessary, is hereby appropriated from the debt
22 reduction reserve fund for the purposes of principal,
23 interest, and related expenses, for retiring or defeas-
24 ing bonds previously issued, including any accrued
25 interest or other expenses related thereto, for any
26 state-related bonding program or programs and for trans-
27 fer, upon request of the director of the budget, to
28 various capital projects funds as designated by the
29 director of the budget for the funding of capital
30 projects, equipment acquisitions, or similar expenses
31 which have been authorized by law to be financed through
32 the issuance of bonds, notes, or other obligations ....... 500,000,000
33 ==============
34 CONTINGENT AND OTHER APPROPRIATIONS
35 § 2. The several sums specified in this section, or so much thereof as
36 may be sufficient to accomplish in full the purposes designated by the
37 appropriations, are hereby appropriated to be paid as herein provided
38 for the funds and purposes specified and are made available for the
39 fiscal year beginning April 1, 2013.
40 GENERAL FUND--STATE PURPOSES ACCOUNT
41 The sum of $20,000,000, or so much thereof as may be
42 necessary, is hereby appropriated from the general fund
43 to the credit of the state purposes account solely for
44 the purpose of making payments of rebates to the federal
45 government to maintain the exemption from federal income
46 taxation of the interest paid to the holders of state
S. 2602--A 11 A. 3002--A
1 obligations issued pursuant to sections 55 and 57 of the
2 state finance law ......................................... 20,000,000
3 ==============
4 The sum of $225,000,000, or so much thereof as may be
5 necessary, is hereby appropriated from the general fund
6 to the credit of the state purposes account solely for
7 the purpose of redeeming general obligation bonds issued
8 by the state of New York, provided, however, that the
9 amount to be expended from this appropriation shall be
10 limited to the amount, as determined by the comptroller,
11 to be necessary to maintain the exemption from federal
12 taxation of the interest paid to the holders of state
13 obligations issued pursuant to sections 55 and 57 of the
14 state finance law ........................................ 225,000,000
15 ==============
16 ALL FUNDS
17 For payment of principal and interest, including but not
18 limited to reserve fund credit facilities on variable
19 rate obligations and interest rate exchange and similar
20 agreements, for state-supported debt or for transfer to
21 any other appropriation, in accordance with the follow-
22 ing schedule ........................................... 1,500,000,000
23 --------------
24 SCHEDULE
25 Debt service payments ...................................... 900,000,000
26 Related expenses ............................................ 50,000,000
27 Interest rate exchange and similar agreements .............. 550,000,000
28 --------------
29 Total of schedule ........................................ 1,500,000,000
30 ==============
31 DEBT SERVICE FUND--GENERAL DEBT SERVICE FUND
32 SPECIAL CONTRACTUAL OBLIGATION PAYMENTS
33 For payment to the dormitory authority, as successor to
34 the medical care facilities finance agency pursuant to
35 chapter 83 of the laws of 1995, for payment of principal
36 interest, and related expenses on bonds or notes issued
37 pursuant to the provisions of section 7-a of the New
38 York state medical care facilities finance agency act,
39 as amended, which provide that the service contract
40 payments will be made to meet the debt service payments
41 due if the funds and accounts established under the bond
42 resolution, the secured hospital debt service reserve
43 fund, and the secured hospital capital reserve fund are
44 inadequate, in accordance with the following schedule ..... 81,000,000
45 --------------
46 SCHEDULE
47 Debt service payments ....................................... 80,000,000
S. 2602--A 12 A. 3002--A
1 Related expenses ............................................. 1,000,000
2 --------------
3 Total of schedule ........................................... 81,000,000
4 ==============
5 For payment to the tobacco settlement financing corpo-
6 ration, for payment of bonds or notes issued pursuant to
7 the provisions of part D3 of chapter 62 of the laws of
8 2003 which provides that contingency contract payments
9 will be made to meet the debt service payments due if
10 the funds and accounts established under the bond inden-
11 tures, the debt service accounts, the debt service
12 reserve accounts and the supplemental accounts are inad-
13 equate, in accordance with the following schedule ........ 254,000,000
14 --------------
15 SCHEDULE
16 Debt service payments ...................................... 253,000,000
17 Related expenses ............................................. 1,000,000
18 --------------
19 Total of schedule .......................................... 254,000,000
20 ==============
